Zhong Guo Jing Ji Wang·2025-10-21 10:06Group 1 - The core point of the news is that Youfa Group's stock is currently trading below its initial public offering (IPO) price, indicating a decline in market performance since its listing [1] - Youfa Group was listed on the Shanghai Stock Exchange on December 4, 2020, with an IPO price of 12.86 yuan per share and a total of 142 million shares issued, raising 1.826 billion yuan [1] - The stock reached its highest price of 18.53 yuan per share on December 7, 2020, but has since experienced a downward trend, falling below the IPO price by December 28, 2020 [1] Group 2 - The total net proceeds from Youfa Group's IPO amounted to 1.7 billion yuan after deducting issuance costs of 126 million yuan [1] - The funds raised from the IPO were intended for a 3 million ton steel pipe production project and to supplement working capital [1] - In 2022, Youfa Group issued convertible bonds with a total face value of 2 billion yuan, raising approximately 1.985 billion yuan after deducting underwriting and advisory fees [2][3] Group 3 - The combined total funds raised from both the IPO and the convertible bond issuance amount to 3.826 billion yuan [3]